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heads of agreement

noun

Definitions of heads of agreement

  • a draft agreement that contains all of the main terms that have been agreed in principle (but not necessarily in detail), and which is not the final agreement

    "Heads of Agreement means the agreements between the Seller and the respective trustees of the JPP, JEPP and LRPS respectively dated 21 December 2007, 1 February 2008 and 21 December 2007."